Tag Archives: short sale los angeles

Are Banks Being Realistically Valued?

Posted on July 9, 2009 by ShortSense

Cyrus Sanati wrote an article in The New York Times Deal Book this morning that some on Wall Street that are suggesting that TARP is masking some serious financial problems within some of the country’s largest banks.  Daniel Alpert of … Continue reading →

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Short Sales No Longer on Shaky Terms

Posted on June 26, 2009 by Minda Reves

We reported it here first folks, short sales will work if you have the right agent and the right paperwork in place. Now, the OC Register is switching its once gloomy short sale song for brighter notes, one savvy OC realtor, said of … Continue reading →

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Local Celebrity Should Consider a Short Sale

Posted on June 16, 2009 by Minda Reves

You may recognize her from around town or you may recognize Jeana Keough from Bravo’s hit TV show “The Real Housewives of Orange County.” The New York Post’s gossip blog is spilling secrets; according to them she has four homes in Coto … Continue reading →

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California at the Forefront of Foreclosures

Posted on June 12, 2009 by Minda Reves

Just read this little nugget over at CNNMoney.com, “The foreclosure problem is widespread but reaches plague proportions in 10 states; those hardest-hit areas account for 77% of all foreclosure filings. California had more than any other state with 92,249 – nearly 29% of … Continue reading →

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Realtors Are On Our Side

Posted on June 9, 2009 by Minda Reves

Last Thursday the California Association of Realtors met in Sacramento, CA. CAR Executive Vice President, Joel Singer, rallied his downtrodden troops, “In a sense, what has occurred is probably in our best interest.” The California house price median drop from nearly $600,000 to … Continue reading →

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Will Future Loan Mod Defaults Increase Short Sale Supply?

Posted on June 5, 2009 by ShortSense

A new study by Fitch Ratings predicts that 55-65% of home loans getting modified will end up at least 60 days behind within a year. The percentage is even higher for those in subprimes with 60-day delinquencies predicted at 65-75%, reports … Continue reading →

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No Need to Live ‘House Poor’ to Land a Luxury Property in the OC

Posted on June 3, 2009 by Minda Reves

Yesterday’s news that first-time homebuyers can take immediate advantage of the $8,000 HUD tax credit for use towards their down payment and closing costs may have you eager to join other SoCal residents in getting more house for their money by entering … Continue reading →

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Short Sale and Foreclosure “Homes Almost 20% Cheaper”

Posted on May 26, 2009 by Minda Reves

The reports are in and CNNMoney.com has this to say about the first quarter of 2009’s housing market, “the S&P/Case-Shiller National Home Price index, a bellwether of real-estate market direction, plunged a record 19.1% during the quarter compared with the first three months … Continue reading →

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Don’t Bank On It: Banks Struggle to Sell Properties in Cali

Posted on May 22, 2009 by Minda Reves

This probably isn’t news to our devoted Orange County readers, but I’ll put it out there anyway, Mathew Padilla over at the OC Register’s Mortgage Insider is reporting “bank owned homes sell slowly on the coast.” He lists a few reasons for … Continue reading →

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A New Wave of Short Sales Coming

Posted on May 21, 2009 by ShortSense

There have been a lot of articles written lately about the coming wave of option ARM resets that are set to occur mostly between 2010-2012 (investment bank Credit Suisse has a detailed research report available for clients). The Option ARMs … Continue reading →

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